Word: petroleum
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Dates: during 1930-1939
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...oildom. The list included President Edward G. Seubeit of Standard Oil Co. of Indiana, President John A. Brown of Socony-Vacuum Oil Co., President Dan Moran of Continental Oil Co., President R. G. A: Van de Woude of Shell Union Corp., President Alexander Eraser of Wolverine Petroleum Corp., President J. F. Drake of Gulf Oil Corp., President Henry May Dawes of Pure Oil Co., President William Starling Sullivant Rogers of Texas Corp., President Earle Westwood Sinclair of Sinclair Refining Co., President Edward L. Shea of Tide Water Oil Co., President Jacob France of Mid-Continent Petroleum Corp., President Frank Phillips...
...idea of forming pools to buy up surplus gasoline reached oilmen from Washington in 1933 when East Texas skimming plants were playing hob with the market. First pool buying was done in 1934 under the direct supervision of Secretary of the Interior Ickes acting as administrator of the petroleum industry. That year he said: "I feel that this plan is a real move toward stabilization of the oil industry." The program, however, did little good, largely because the East Texas refiners and some major companies could not be persuaded to join the pool. Month after his announcement, Secretary .Ickes made...
...been brought to my attention that the market for gasoline and other petroleum products has recently been disturbed by numerous price wars. . . . This has resulted in petroleum products being sold below cost in some areas in order to meet unrestrained competition. . . . Price wars necessarily injure small independent marketers. . . . Therefore, I am requesting and authorizing you, as Chairman of the Marketing Committee, to designate committees for each locality when and as price wars develop, with authority to confer . . . and in a co-operative manner to stabilize the price level to conform to that normally prevailing in contiguous areas where marketing conditions...
...last week's news was an oil name more famed than any of those indicted by the Government-Doheny. Up from the presidency of Petroleum Securities Corp. to the chairman's seat, which has been vacant since her husband died last year, moved the relict of Edward Laurence Doheny. As all oil men know, dark-haired, 6-year-old Mrs. Carrie Estelle Betzold Doheny can do business with the best of them. Her company was her husband's personal basket, founded long before the top blew off the Naval oil lease of Elk Hills. Today...
Last week in Kansas City a ghost from the past of Universal Oil Products arose to plague a man who had also hoped to share the wealth created by Carbon Petroleum Dubbs. U. S. oil companies did not reward the inventor and his backers out of the goodness of their hearts. To establish its claims to its oil-cracking process, Universal fought many a long patent suit, one of them with Standard Oil of Indiana. Special master in that suit was an obscure Missouri lawyer from Sedalia named Holmes Hall. For his services he was allowed...